Crypto analysts predict that the price of XRP will rise to $18 around July 2024 A crypto analyst is optimistic about the XRP price, as many people are considering whether to continue holding XRP token. This is because the poor performance of crypto tokens has been a concern for holders, and discussions about potential manipulation have reverberated in the community. In a post on his X (formerly known as Twitter) platform, cryptocurrency analyst Dark Defender shared an interesting analysis in which he noted that XRP could soon reach $18. To support his prediction, he noted that XRP is retesting $0.6649. He said the level was "not a joke" but a very critical one. According to his assertion, this price level is expected to trend upwards. At the same time, Dark Defender also shared XRP's monthly chart in his post. From the chart, he noted that XRP is currently above the $0.6649 price level he mentioned earlier. This happening could get XRP closer to $1. On the chart, he highlighted $0.88 and $1.05 as "soon achievable" targets. However, the rally didn't stop there, with crypto analysts claiming that "the 5-wave EW structure in the monthly chart is still in play." The indicator suggests that XRP will hit $18.22 in the short to medium term. XRP's journey to $18 is not expected to be smooth sailing, as he mentioned that XRP will face strong resistance at $1.08. The good news is that once XRP is able to break through that level, in the words of Dark Defender, "it will be the peak moment." As for how long it will take for XRP to reach $18, the accompanying chart suggests that this could happen between July and October 2024. Over the weekend, Chloe, a crypto influencer who supports XRP, posted an X post expressing her frustration at the drop in XRP price and stating that she had "sold it all." Prior to the post's suggestion that she had sold her XRP holdings, she had made an earlier post in which she appeared to be very unhappy with the price action of XRP. Although Chloe later clarified that she did not sell any "single XRP," her previous posts reflected the growing frustration of the XRP community. At the moment, many people seem to be confused by the poor price action of XRP. One of them is Bill Morgan, a pro-XRP legal expert who recently questioned the reasons for XRP's underperformance. In the X post, the lawyer said that despite gaining regulatory clarity, XRP failed to outperform most other tokens in the top 10 by market capitalization. Interestingly, he points out that five years ago XRP was more expensive than it is now. Morgan said there needs to be a better explanation for XRP's price action, not just "say it follows the market." (Source: Scott Matherson)